ChargePoint Holdings (NYSE: CHPT) shares jumped as much as 4.4% Tuesday morning after it announced a new agreement with a large automaker. Those gains didn't hold, however, and shares of the electric-vehicle (EV) charging-network company reversed direction, moving down as much as 3.7%. As of 10:54 a.m. ET, the stock was still down 0.6%.

ChargePoint is partnering with Lexus to help buyers of Lexus' fully electric RZ 450e crossover utilize ChargePoint's residential and public charging solutions. The deal is aimed to make it easier for consumers who are looking at buying the upcoming Lexus RZ 450e to get access to fast charging both at home and on the road. It's the second partnership ChargePoint has announced this year with major automakers.

Image source: ChargePoint Holdings.

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Source Fool.com